abrdn plc Grows Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

abrdn plc grew its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,313 shares of the financial services provider’s stock after buying an additional 23,662 shares during the period. abrdn plc owned 0.13% of Sixth Street Specialty Lending worth $2,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Advisor Group LLC increased its position in Sixth Street Specialty Lending by 26.8% during the 3rd quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 5,398 shares during the period. Legacy Capital Wealth Partners LLC boosted its stake in shares of Sixth Street Specialty Lending by 98.6% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider’s stock valued at $2,971,000 after purchasing an additional 71,849 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock valued at $24,131,000 after buying an additional 162,810 shares during the period. Van ECK Associates Corp raised its stake in Sixth Street Specialty Lending by 6.6% in the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock worth $47,117,000 after buying an additional 141,463 shares in the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new stake in Sixth Street Specialty Lending in the fourth quarter worth about $1,974,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

TSLX has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods lowered their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of “Buy” and a consensus price target of $22.33.

Sixth Street Specialty Lending Trading Down 0.0 %

Sixth Street Specialty Lending stock opened at $22.14 on Monday. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $22.47. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The business’s fifty day simple moving average is $21.48 and its two-hundred day simple moving average is $20.97. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.75 and a beta of 1.06.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio is currently 89.32%.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.